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we've got the debate about the fiscal cliff and the debt ceiling and we're talking in the trillions. before you can even get to the trillions, if you can't stop stuff like this, does the american public ever believe that washington is going to get its act together if you can't stop this 100,000 here, million there, all, of course, adds up to billions. if we can't stop the zombies, taxpayers paying for the zombies, how can we ever tackle medicare and social security? [laughter] megyn: that's the thing that makes people upset, julie. all right, if you're going to increase my taxes to help pay down the debt, help people in need, that's one thing, but if i'm going to be paying for zombies or for santa to ride the $250,000 sleigh, i object. >> i'm a little embarrassed. can you imagine being an employee and having to pretended to be a zombie? >> those were actors. >> i don't know about that. [laughter] i think they may have been dhs employees dressed up. charles is right, thanksgiving a little ri -- this is a little ridiculous. i understand what they're trying to do, they're trying to get
we've got the debate about the fiscal cliff and the debt ceiling and we're talking in the trillions. before you can even get to the trillions, if you can't stop stuff like this, does the american public ever believe that washington is going to get its act together if you can't stop this 100,000 here, million there, all, of course, adds up to billions. if we can't stop the zombies, taxpayers paying for the zombies, how can we ever tackle medicare and social security? [laughter] megyn: that's the...
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Dec 5, 2012
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ceiling issue is part of this fiscal cliff discussion, which is interesting, because that is different than the plan that timothy geithner brought forth. in his plan they were going to try to raise the debt ceiling indefinitely. he said it would be terrible for them to have to go back and ask permission to continue the raise the debt ceiling because owe thinks it makes the creditworthiness of the united states in play and jeopardy. an interesting development from nancy pelosi. who knows whether or not she is central to the debate going on right now. bill: there will be another briefing on benghazi. the families of the four americans killed in that attack almost three months ago say they are still in the dark about what happened to their loved ones. the father of tyrone woods one of the former navy seals saying he learned more from witness accounts about how his son died than he did from the white house. new hampshire senator kelly ayotte member of the house services committee and the budget committee. welcome back to "america's newsroom." >> good morning, bill. bill: do the families ha
ceiling issue is part of this fiscal cliff discussion, which is interesting, because that is different than the plan that timothy geithner brought forth. in his plan they were going to try to raise the debt ceiling indefinitely. he said it would be terrible for them to have to go back and ask permission to continue the raise the debt ceiling because owe thinks it makes the creditworthiness of the united states in play and jeopardy. an interesting development from nancy pelosi. who knows whether...
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the fiscal cliff and the debt ceiling, are they connected? >> the white house wants them to be connected. they actually think if neck get a deal decoupling the bush tax cuts, having entitlement reform in dealing with the debt ceiling that is getting a raise and not having to worry about it for another couple of years, that's what they want. house republicans have indicated that, look, they actually might want it to kick the can down the road, make a deal on taxes but kick it down the road where they have more leverage. president obama was asked about that earlier this week and said he doesn't want to play the debt ceiling game anymore. that's where republicans have more leverage than then do on other matters. >> all right. senior political editor mark murray, have a great weekend, sir. >> i want to bring in congressman peter welch from vermont. good to see you again. talked to you last weekend on msnbc. at that point you told me that you thought there was a 50/50 shot we'd go off the so-called fiscal cliff. today speaker boehner said talks we
the fiscal cliff and the debt ceiling, are they connected? >> the white house wants them to be connected. they actually think if neck get a deal decoupling the bush tax cuts, having entitlement reform in dealing with the debt ceiling that is getting a raise and not having to worry about it for another couple of years, that's what they want. house republicans have indicated that, look, they actually might want it to kick the can down the road, make a deal on taxes but kick it down the road...
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Dec 11, 2012
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it was the debt ceiling. >> steve: first fiscal cliff of our lifetime. >> gretchen: it feels like it has been here a longg time and they were talking about the importance of the day to get the bill actually through. i feel like they can jump through hoops and get past that, too. >> eric: had it has to originate in the house and sent over marked up to the senate and point being there is a lot of hoop to jump through. you know. rudy guiliani is on hannity last night. he was approached with the same sort of problem in new york city . listen to how he handled it >> i was given a report that said you have to raise taxes and said nothing about reducing spending. i was not an economic expert. i became one after becoming mayor in new york. i said it makes no sense. if i raises tax now. i will have to do it in two or four years. i will try to do something different. lower taxings. i in the beginning but a little bit and two or three years lower taxings. we had a three billion surplus and unemployment dropped from 10.5 to six percent . the city was humming. bowles is rightt, this is a spending
it was the debt ceiling. >> steve: first fiscal cliff of our lifetime. >> gretchen: it feels like it has been here a longg time and they were talking about the importance of the day to get the bill actually through. i feel like they can jump through hoops and get past that, too. >> eric: had it has to originate in the house and sent over marked up to the senate and point being there is a lot of hoop to jump through. you know. rudy guiliani is on hannity last night. he was...
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Dec 10, 2012
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i hope boehner and obama can find a way to avoid the initial effects of the fiscal cliff. but in february or march you have to raise the debt ceiling. i can tell you this, there is a hardening on the republican side. we're not going to raise the debt ceiling. we're not going to let obama borrow anymore money or any american congress borrow anymore money until with fix this country from becoming greece. that requires significant entitlement reform to save social from bankruptcy and medicare from bankruptcy. social security is going bankrupt in about 20, 25 years. medicare is going bankrupt in 15 or 20 years. the baby boomers are coming in at 10,000 a day. and we just can't scene this. martha: president last week said we'll not play that game. last time around they wouldn't let the debt ceiling go up, i tell you right now, something to this effect we will play that game. >> we will play that game, mr. president. that is not a game. the game you're play something small ball. you're talking about raising rates on top 2% that would run the government for 11 days. you got reelec
i hope boehner and obama can find a way to avoid the initial effects of the fiscal cliff. but in february or march you have to raise the debt ceiling. i can tell you this, there is a hardening on the republican side. we're not going to raise the debt ceiling. we're not going to let obama borrow anymore money or any american congress borrow anymore money until with fix this country from becoming greece. that requires significant entitlement reform to save social from bankruptcy and medicare from...
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having an agreement to avoid the debt, the fiscal cliff, and then having a down payment on actually getting the $4 trillion identified. >> howard dean is a deficit hawk. liberal, but he is a deficit hawk. he doesn't say maybe if we can't get a deal together, maybe we'd be okay with the fiscal cliff. he says that is the best deal for everyone, the best deal for progressives, just to do it. to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only one. there's a lot of people on the left and there's quite a few people on the right. i'm glad you're optimistic and a lot of ceos and guys in your position -- if you run a company, you don't need consumers petrified and business people petrified. this is the last thing we need if you run a company. i understand you have a horse in the game. >> but you also have the double trigger. if you go over the cliff, we've got the debt ceiling fight right afterwards. it's not like that's six month
having an agreement to avoid the debt, the fiscal cliff, and then having a down payment on actually getting the $4 trillion identified. >> howard dean is a deficit hawk. liberal, but he is a deficit hawk. he doesn't say maybe if we can't get a deal together, maybe we'd be okay with the fiscal cliff. he says that is the best deal for everyone, the best deal for progressives, just to do it. to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax...
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fiscal cliff certainly the issue in the short term for a lot of big businesses and certainly for a lot of american taxpayers. however, long term is another story when it comes to the economy, and entitlements, the president referring to that as well. as we continue to get that feedback you can check it out foxnews.com, in the meantime we're going to move onto other news as well. >> reporter: and so let's begin with the violence that is appearing to really spiral out of control. secretary of state hillary clinton says she fears a desperate president bashar al-assad in syria may resort to using chemical weapons on his own people. in the meantime, the united nations is hint thag there wil hinting that there will be no asylum for bashar al-assad as the syrian dictator makes it clear that he will die before leaving the country under any circumstances. what is going on behind the scenes, for that we turn to corn powell following all the latest developments from our mideast bureau in jerusalem. connor. >> reporter: the international and internal pressure is mounting on bashar al-assad today.
fiscal cliff certainly the issue in the short term for a lot of big businesses and certainly for a lot of american taxpayers. however, long term is another story when it comes to the economy, and entitlements, the president referring to that as well. as we continue to get that feedback you can check it out foxnews.com, in the meantime we're going to move onto other news as well. >> reporter: and so let's begin with the violence that is appearing to really spiral out of control. secretary...
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cliff. we're minutes away from john boehner and his weekly press conference. the house speaker is expected to address the latest on negotiations in reaching any sort of a dealer who. we're less than three weeks to the january 1st deadline aft great deal of work needs to be done so the legislation can work through all the procedures in congress. mike emanuel is familiar with all that and joins us from capitol hill. any progress today? >> reporter: jenna we'll be waiting to listen to the carefully to the speaker's tone. obviously the key person in terms of negotiations on the republican side. at this point it feels like there is really a lack of trust on both sides. democrats are essentially saying if republicans came forward, gave us more tax revenue, we would have a deal very quickly. republicans act like it's charlie brown and the football essentially saying okay we come forward with the tax revenue and we ask you about spending cuts you are like lucy and you pull the football away and we f
cliff. we're minutes away from john boehner and his weekly press conference. the house speaker is expected to address the latest on negotiations in reaching any sort of a dealer who. we're less than three weeks to the january 1st deadline aft great deal of work needs to be done so the legislation can work through all the procedures in congress. mike emanuel is familiar with all that and joins us from capitol hill. any progress today? >> reporter: jenna we'll be waiting to listen to the...
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right now you don't owe taxes on the forgiven debt. on the other side of the fiscal cliff you do. the mortgage forgiveness debt relief act gives homeowners a tax break on unpaid mortgage debt. it expires unless congress acts. >> the average amount homeowners are short is $95,000. if the tax break goes away as part of the so-called fiscal cliff they could be taxed on the $95,000 as additional income starting in 2013. >> how much homeowners will owe on that amount depends on the tax bracket they are in. on average it would be $20,000 to $25,000. banks have extra incentive to sell short and absorb the loss. under the act that went in this year the nation's biggest lenders get a credit on short sales. foreclosures also sell for $30,000 less than homes sold via short sales. expect short sales to jump more as homeowners look to avoid getting hit with taxes and banks look to avoid getting stuck with properties. if we go over the cliff the tax bill homeowners face with the short sale may be steep enough to walk away instead. that would push foreclosure rates higher in 2013. for smart is t
right now you don't owe taxes on the forgiven debt. on the other side of the fiscal cliff you do. the mortgage forgiveness debt relief act gives homeowners a tax break on unpaid mortgage debt. it expires unless congress acts. >> the average amount homeowners are short is $95,000. if the tax break goes away as part of the so-called fiscal cliff they could be taxed on the $95,000 as additional income starting in 2013. >> how much homeowners will owe on that amount depends on the tax...
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both sides are digging in their heels, and with no move to avoid the fiscal cliff, or to raise the debt ceiling which is currently at $16.4 trillion, now there's new concern about what could happen to our credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limits. president obama called it a dangerous lesson when he talked to business leaders today. >> the only thing that debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may refuse to raise the debt ceiling and risk defaulting on the country's loan. >> that is a bad strategy for america. it's a bad strategy for your businesses. and it is not a game that i will play. >> reporter: republicans are pushing back. >> he's the president, not the emperor. he does not have the power. >> reporter: fiscal cliff negotiations have been at a standstill since monday. not by raising rates on the rich as the president had insisted. >> we're not insisting on rates just out of spite, but rather because we need to rai
both sides are digging in their heels, and with no move to avoid the fiscal cliff, or to raise the debt ceiling which is currently at $16.4 trillion, now there's new concern about what could happen to our credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limits. president obama called it a dangerous lesson when he talked to business leaders today. >> the only thing that debt ceiling is good for as a weapon...
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the potential of a debt ceiling crisis again in january, as soon as january, the fiscal cliff, the payroll tax extension, the unemployment, long-term unemployment benefits which woulds also expire if they do nothing, they will do something, but there's so much uncertainty, a lot of pent up demand and hiring that could give us a real spurt if this thing gets resolved in a good way? >> i think there is. in fact, there's a few interesting signs inside this report of exactly that. if you look at the industries that sell mostly to consumers like retail trade, like leisure and hospitality, they had very big gains in jobs in last month and the month before that. that suggests that consumers themselves are not thinking much about the fiscal cliff or letting it affect their plans. but the industries that deal a lot with businesses, those, for example, that produce machinery, other long lived durable goods, those in construction, might be building houses or office buildings, they're laying people off. if we end up going over the cliff it's hard to believe that consumer confidence will hang in there
the potential of a debt ceiling crisis again in january, as soon as january, the fiscal cliff, the payroll tax extension, the unemployment, long-term unemployment benefits which woulds also expire if they do nothing, they will do something, but there's so much uncertainty, a lot of pent up demand and hiring that could give us a real spurt if this thing gets resolved in a good way? >> i think there is. in fact, there's a few interesting signs inside this report of exactly that. if you look...
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america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do you know so then why is the media talking about it incessantly. i i guess i have not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know even most the word i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes the yes and no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah i do think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas if they're not really trying to work together there are three business channels we're in twenty four h
america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do you know so then why is the media talking about it incessantly. i i guess i have not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know even most the word i think they are and i think that if i ignored it all go away do you think calling it...
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cliff negotiations that. is something that the republicans have to deal with. and i think the republicans and making sure that the debt ceiling is extended for a long time because the one thing that could hurt the economy even more than going off some curb or cliff or slope is if we had a rep tilgs of the debt ceiling battle that we had in 2011. >> so in your view right now, you think that we're past -- potentially past the tax reform question? it's about not the stimulus money but the debt ceiling negotiation and it's important because many communities are not impacted by private sector job growth and need the public sector jobs that the stimulus would bring. >> yes. i think that, you know, you can't declare something done until it's done. but i think all of the signals you're getting from the republicans is that they realize that the last thing they need to be doing right now is to look like they are holding up middle class tax cuts to protect tax cuts for the very wealthy. that's not where they want to be
cliff negotiations that. is something that the republicans have to deal with. and i think the republicans and making sure that the debt ceiling is extended for a long time because the one thing that could hurt the economy even more than going off some curb or cliff or slope is if we had a rep tilgs of the debt ceiling battle that we had in 2011. >> so in your view right now, you think that we're past -- potentially past the tax reform question? it's about not the stimulus money but the...
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fiscal cliff to the international edition of the german paper der spiegel budget disarray u.s. set to restage greek tragedy now it may not represent the same type of threat but it is reminiscent of the debt ceiling debate in the summer of two thousand and eleven after which the u.s. of course lost its aaa credit rating from s. and p. for the first time in history now the ratings agency then.
fiscal cliff to the international edition of the german paper der spiegel budget disarray u.s. set to restage greek tragedy now it may not represent the same type of threat but it is reminiscent of the debt ceiling debate in the summer of two thousand and eleven after which the u.s. of course lost its aaa credit rating from s. and p. for the first time in history now the ratings agency then.
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fiscal cliff to the international edition of the german paper der spiegel budget disarray us set to restage greek tragedy now it may not represent the same type of threat but it is reminiscent of the debt ceiling debate in the summer of two thousand.
fiscal cliff to the international edition of the german paper der spiegel budget disarray us set to restage greek tragedy now it may not represent the same type of threat but it is reminiscent of the debt ceiling debate in the summer of two thousand.
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but at the very least i think we would avoid big pieces of the fiscal cliff. thanks for joining us today. >> good to be with you. >> what will come from the closed door meeting between the president and speaker pain every wresh we'll talk with bill daley, former chief of staff for president obama. >>> an historic day for girls day worldwide. in honor of malala, the pakistani teen shot by the taliban. this is andrea mitchell on msnbc. sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... s
but at the very least i think we would avoid big pieces of the fiscal cliff. thanks for joining us today. >> good to be with you. >> what will come from the closed door meeting between the president and speaker pain every wresh we'll talk with bill daley, former chief of staff for president obama. >>> an historic day for girls day worldwide. in honor of malala, the pakistani teen shot by the taliban. this is andrea mitchell on msnbc. sniffs ] i have a cold. [ sniffs ] i...
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because they see that if they don't want the debt ceiling to be part of the this fiscal cliff fight. they want to talk about it next year, and they see that as a way to be able to force the president to agree to more spending cuts and entitlement changes that he would otherwise not want to maybe agree to, soledad. but bottom line is, we're still watching them fight in public, which as you well know, the more they're fighting in public, the less they're talking behind the scenes. >> but maybe not. the fact they're not talking about anything they discuss on the phone call, i actually see that as a little ray of hope, right? like let's move it away from the cameras and get some serious work done. >> i will agree with you. >> hope springs eternal. >> i will agree with you. take that sliver of hope and i'll be back here telling you there's no progress. >> kate is an optimist and so am i. thanks, kate. appreciate it. zoraida sambolin has a look at some of the other news. >>> the bodies of two young cousins missing since the summer have been found by hunters in a wooded area in iowa. 10-yea
because they see that if they don't want the debt ceiling to be part of the this fiscal cliff fight. they want to talk about it next year, and they see that as a way to be able to force the president to agree to more spending cuts and entitlement changes that he would otherwise not want to maybe agree to, soledad. but bottom line is, we're still watching them fight in public, which as you well know, the more they're fighting in public, the less they're talking behind the scenes. >> but...
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cliff" >> it appears americans don't mind sharing opinions.. even on things that don't exist. a recent poll by public policy polling found 25- percent of americans took a stance on a phony debt reduction policy called the "panetta-burns plan." the proposal was dreamed up by pollers to test how many people would speak on something they clearly don't know anything about. eight-percent of those polled supported the mythical plan and 17- percent in contrast, 39- percent of voters were willing to share their thoughts about the "simpson- bowles" deficit policy up for debate in >> you don't have to look >> >> nobody wants to get this done more than me. >> >> but key players aren't talking in the same room. congressional aides say they're not even >> the president is ready, willing and able, waiting to be able to sit down and seriously negotiate this but they have to be willing to come to the table with specifics. i think the next 72 hours >> some lawmakers are going back to their districts. congress has little scheduled business for the rest of the we
cliff" >> it appears americans don't mind sharing opinions.. even on things that don't exist. a recent poll by public policy polling found 25- percent of americans took a stance on a phony debt reduction policy called the "panetta-burns plan." the proposal was dreamed up by pollers to test how many people would speak on something they clearly don't know anything about. eight-percent of those polled supported the mythical plan and 17- percent in contrast, 39- percent of...
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fiscal cliff negotiations, they're really focused on fixing the debt. how can you fix the debt if you can't fix the economy? if you can't fix the jobs situation? >> oh, boy, this is the magic question this is why people like paulfreaking out and going, wait a minute, we go over the fiscal cliff, it is austerity, it is bad for job creation and that could be a problem. the bigger issue i think in the long-term unemployment problem is we never really dealt with it from the beginning of the jobs crisis. so 12 million people out of work, 40% of them, more than six months, that's insane. but we have not had a real program to get those long-term unemployed back to work. and, you know, frankly, i don't see anything happening in the future. as we look at that fiscal cliff, what does that really do? it says government is going to spend less money, less money means less job training, less ways to get the unemployed back to work. that really says that we're probably going to be stuck with an unemployment problem for a long time. >> so avoiding a fiscal cliff doesn'
fiscal cliff negotiations, they're really focused on fixing the debt. how can you fix the debt if you can't fix the economy? if you can't fix the jobs situation? >> oh, boy, this is the magic question this is why people like paulfreaking out and going, wait a minute, we go over the fiscal cliff, it is austerity, it is bad for job creation and that could be a problem. the bigger issue i think in the long-term unemployment problem is we never really dealt with it from the beginning of the...
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the fiscal cliff, the chairman and vice chairman will join us first on "squawk" to talk about the debt negotiations. at 8:30 eastern the weekly job numbers. and a disruptor, applico founder and ceo alex moazed will join us at the bottom of the hour. becky if you interview him it's moazed so if it's wrong stick with that so no one will know. we shed $35 million of market as well mopping the reasons cited by analysts a forecast by an influential research firm suggesting the iphone iphone is giving up to google's headlines. apple accounts for the entirely of the mass dnasdaq's fall of 1. apple is enjoying its best day since early last week. didn't close on its highs but equities up 8% points or so. futures back in positive territory, up 15 and down and up five or so. everybody's watching what's going on in d.c. overnight in asia it was mixed but not big moves sni where, japan had a good day and in europe we have green roar rows yesterday morning which pour tended good things for us here, germany doing the best. >> as expect the bank of england and european central banks left their ratings
the fiscal cliff, the chairman and vice chairman will join us first on "squawk" to talk about the debt negotiations. at 8:30 eastern the weekly job numbers. and a disruptor, applico founder and ceo alex moazed will join us at the bottom of the hour. becky if you interview him it's moazed so if it's wrong stick with that so no one will know. we shed $35 million of market as well mopping the reasons cited by analysts a forecast by an influential research firm suggesting the iphone...
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a lot of people have been drawing similarities between the current fiscal cliff negotiations and that debt ceiling standoff from last year. so we have one former insider who joins us right now. he's been through this before. he probably knows how to read the signs better than just about anybody out there. bill daley was the white house chief of staff under president obama during the debt ceiling negotiations last year. mr. daley, thank you very much for joining us this morning. >> thanks for having me. >> reporter: we were just trying to figure out what to make of this. all morning long we've been saying it's relatively good news that we haven't within hearing from the principalprincipals. what does it mean now that speaker boehner is going to be addressing the house at noon. >> i think it's a strong sign there is movement. i don't know that. i'm not on the inside. i don't know what's going on. i doubt the speaker is going to stand up and speak to the body and say nothing's happening and we're not going anywhere and just give a partisan speech. so i'm hopeful that that's what this mea
a lot of people have been drawing similarities between the current fiscal cliff negotiations and that debt ceiling standoff from last year. so we have one former insider who joins us right now. he's been through this before. he probably knows how to read the signs better than just about anybody out there. bill daley was the white house chief of staff under president obama during the debt ceiling negotiations last year. mr. daley, thank you very much for joining us this morning. >> thanks...
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. >> reporter: the president sees the fiscal cliff showdown as an opportunity to break that linkage for good. republicans say they will not increase the debt ceiling now $16 trillion and due to expire in february without more deficit reduction. >> history shows the only major deficit cutting deals we ever do around here, ever, comes after debates over the debt ceiling. it may be a good idea if you don't care about the debt, but it's a non-starter for those of us who do. >> reporter: public opinion generally is on the president's side, but republicans in the house are not paralyzed or perilous, more unified behind speaker boehner than a year ago. why is this important? the white house is beginning to notice and now believe there is a deal boehner can find the stroets pass it. >> an idea what's really at stake. rebecca jarvis has a look how the government spends money and how it could spend less. rebec rebecca, good morning. >> reporter: good morning. >> the question comes up in terms of the money that we're talking about in raising the rate. how much is it that the republicans are object
. >> reporter: the president sees the fiscal cliff showdown as an opportunity to break that linkage for good. republicans say they will not increase the debt ceiling now $16 trillion and due to expire in february without more deficit reduction. >> history shows the only major deficit cutting deals we ever do around here, ever, comes after debates over the debt ceiling. it may be a good idea if you don't care about the debt, but it's a non-starter for those of us who do. >>...
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Dec 11, 2012
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and is looking more likely that we will go off the fiscal cliff at the end of the year. 706 a m right now and we'll be back with more in a couple of minutes. here's a live look at the golden gate bridge. we will be right back. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ apple shares are up over 40 percent for the year. also watching facebook par. >> facebook shares up to 2786. >> the port of oakland maritime director james caan is stepping down as a newly released audit shows that nearly $200,000 in questionable expenses. from luxury mills to tiffany silver caearrings. to you-to concert tickets. an internal audit of 2011 expenses or already under way in october when news broke out about the port executive director, omar benjamin and qu
and is looking more likely that we will go off the fiscal cliff at the end of the year. 706 a m right now and we'll be back with more in a couple of minutes. here's a live look at the golden gate bridge. we will be right back. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in...
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this is the so-called fiscal cliff. now, it is clear what higher taxes would do. but what about budget cuts? who would that affect? a lot of folks including several million unemployed workers. watch this story with me from cnn's kyung lah. >> reporter: she doesn't call it a fiscal cliff. what she could be facing at year's end is a financial free fall. >> i don't know. i just wish i wasn't in this situation, but it is what it is. and i can just do what i can. >> reporter: she lost her job as a new home sales manager last january. on an old laptop, with a broken cord, she applies for job after job, keeping track in a packed notebook. >> seven, eight, nine. >> reporter: averaging 15 applications a day. at age 54, this is the first time she's been on unemployment. she emptied out her 401(k), her savings and now the last resort, the emergency federal jobless program has kept her in her town home, giving her $450 a week. but on december 29th, unless congress and the white house act, the money stops. >> we're not trying to live off the system. we're trying to survive. it
this is the so-called fiscal cliff. now, it is clear what higher taxes would do. but what about budget cuts? who would that affect? a lot of folks including several million unemployed workers. watch this story with me from cnn's kyung lah. >> reporter: she doesn't call it a fiscal cliff. what she could be facing at year's end is a financial free fall. >> i don't know. i just wish i wasn't in this situation, but it is what it is. and i can just do what i can. >> reporter: she...
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. >>> also weighing on job creation, the looming fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center in guatemala city, after complaining of chest pains. he's now back in his cell and could be send back to belize, where police want to question him about the murder of his neighbor. >>> now, here's diane sawyer with a preview of tonight's "world news." diane? >> so, josh, it's friday. it's great to talk to you. and how about a holiday tradition for years? everybody wondering, what happened to the determined little boy they loved? well, he's all grown up. and he has a perfect gift for you. tonight, behind the scenes of a christmas classic. and he is our "person of the week" tonight. >> can
. >>> also weighing on job creation, the looming fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center...
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Dec 6, 2012
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. >>> new movement this morning to try and avoid the fiscal cliff. some republicans are considering abandoning their staunch opposition to higher tax rates according to recent reports. alan simpson was co-chair on the commission of fiscal responsibility. he's a co-founder of fix the debt campaign and joins us now. senator simpson, good morning, it's great to see you. >> great pleasure to be off the witness protection program and come here. but what even more fun, david brubeck used to come to wyoming a great deal. he and his family, lovely people. i did not know he had passed. and to hear that music, it's iconic stuff. anyway. so it's good to sneak in and get made up, try to hide my identity. >> well, it's good to have you here. you say you're in the witness protection program because you've been out there on the issue of how we fix our national deficit. as you well know, we face the fiscal cliff, a series of tax hikes and spending cuts that many people think if they go into effect will put the country into recession. yet we heard the treasury secret
. >>> new movement this morning to try and avoid the fiscal cliff. some republicans are considering abandoning their staunch opposition to higher tax rates according to recent reports. alan simpson was co-chair on the commission of fiscal responsibility. he's a co-founder of fix the debt campaign and joins us now. senator simpson, good morning, it's great to see you. >> great pleasure to be off the witness protection program and come here. but what even more fun, david brubeck...
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Dec 8, 2012
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cliff. >> we must reform the job killing tax code by getting rid of loopholes. our goal should be to create new taxpayers. the gop commented raising taxes won't solve the nation's 16 trillon dollar debt. the potentialal candidate in 2016 he said only economic growth and reformingen titlement programs can control the debt. >> the former florida governor said is he a democrat now. he announced that last night. he posted a photograph where he was holding a voter application. the times reported that he signed papers to change to democrat at a christmas reception at the white house. >> yesterday marked the 71st anniversary of the pearl harbor attacks and many paused to remember that faceful day. in hawaii there was a moment of silence. that surprise attack killed about 2400 people. it was the start of the united states involvement in world war ii. >>> in alameda pearl harbor survivors took part in the ceremony at the coast guard island. the 21 guard salute honored the survivors, they are still fresh for the men who were there. 91-year-old was on the west virginia dur
cliff. >> we must reform the job killing tax code by getting rid of loopholes. our goal should be to create new taxpayers. the gop commented raising taxes won't solve the nation's 16 trillon dollar debt. the potentialal candidate in 2016 he said only economic growth and reformingen titlement programs can control the debt. >> the former florida governor said is he a democrat now. he announced that last night. he posted a photograph where he was holding a voter application. the times...
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Dec 13, 2012
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>> here's the deal, first of all for the audience, we talk about the fiscal cliff, it involves three things. first of all it deals with the bush tax cuts set to expire in december. it also deals with the debt ceiling, sequestration, there's three parts to it. the president is consistently saying i talked to people in his administration, saying look we want to deal first just with the tax cuts. republicans want to add the other pieces to it because they know it's hard to defend fighting for the tax cuts for the top 2%. they need to be able to tell their supporters we got something out of this. the president is saying separate them. that's part of the reason why you have this battle. >> dig deeper into what you're saying, roland, 70% for democrats, 70% seem to suggest they are willing to see cuts in entitlements, house speaker john boehner says taxes remain a sticking points but there are reports that bainer is open to more revenues. is it time for democrats to give more on social security, medicare and medicaid? >> the president did so last year. if you ask republican leadership they
>> here's the deal, first of all for the audience, we talk about the fiscal cliff, it involves three things. first of all it deals with the bush tax cuts set to expire in december. it also deals with the debt ceiling, sequestration, there's three parts to it. the president is consistently saying i talked to people in his administration, saying look we want to deal first just with the tax cuts. republicans want to add the other pieces to it because they know it's hard to defend fighting...
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Dec 13, 2012
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cliff. the speaker set to given a update out state of negotiations with the white house in two hours. we will bring brink that to you live t did the mark it's job to deal of what happened with ben bernanke's comments and now the target in terms of tying interest rates to unemployment, which is a very new and big development for the fed. >> cnbc is talking over and over again, 2 million jobs to be lost, not if but when we go over the cliff. ben bernanke is listening to what this network is saying, recognizing there is going to be a dram mat hillsborough county job loss if we go over the cliff that is force austerity, that is firing people. look at spain when they got serious. italy. it meant a lot of firings. he says i see what we are going to do follow these countries that have fiscal responsibility a lot of people are going to be fired. don't worry, i'm going to do my best. what what are you going to do to keep people employed? >> keeping the heat on congress, came up a number of times, of
cliff. the speaker set to given a update out state of negotiations with the white house in two hours. we will bring brink that to you live t did the mark it's job to deal of what happened with ben bernanke's comments and now the target in terms of tying interest rates to unemployment, which is a very new and big development for the fed. >> cnbc is talking over and over again, 2 million jobs to be lost, not if but when we go over the cliff. ben bernanke is listening to what this network is...